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The entrance to the T.R.S. Building on Red River Street in Austin. Teacher Retirement System of Texas (TRS) is a public pension plan of the State of Texas.Established in 1937, TRS provides retirement and related benefits for those employed by the public schools, colleges, and universities supported by the State of Texas and manages a $180 billion trust fund established to finance member benefits.
457 plan. The 457 plan is a type of nonqualified, [1] [2] tax advantaged deferred-compensation retirement plan that is available for governmental and certain nongovernmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre tax or after-tax (Roth) basis.
But a new report from CALDER, an education research center, that looked at Washington state found that roughly 12,000 positions, including more than 5,000 classroom teachers, were created with the ...
FOX 7 Austin Digital Team. May 21, 2024 at 9:09 AM. GEORGETOWN, Texas - Georgetown ISD teachers and librarians will see a 3.5% raise next school year with the district's new compensation plan. The ...
Deferred compensation plans in the US often have the benefit of employers' matching all or part of the employee contribution. In the US, Internal Revenue Code section 409A regulates the treatment for federal income tax purposes of “nonqualified deferred compensation”, the timing of deferral elections and of distributions. Qualifying
Teacher turnover rates are up since the pandemic, with about 23% of teachers leaving their school during the 2022-2023 school year, compared to a roughly 18% turnover rate in 2019, according to a ...
Texas State Teachers Association. Texas State Teachers Association, or TSTA, is the oldest education organization in Texas, affiliated with the National Education Association (NEA). TSTA is led by a full-time state president and vice president, a board of directors, and a democratically elected House of Delegates.
A nonqualified deferred compensation (NQDC) plan is an arrangement that an employer and employee agree to where the employer accepts to pay the employee sometime in the future. Executives often ...